,

This is a short story of how I got lucky investing (aka GAMBLING) like a real idiot... stay with me for a few minutes and you'll see why I said 'gambling'.

It's not about being super early in Bitcoin a gazillion years ago, or putting money in GameStop when it was $4, nor buying a random cryptocurrenty like Cumrocket.

No No No!

This is about buying stocks in a really stupid way -- that somehow made sense to me up until a few years ago.

Here's how I started buying stocks in 2016 & 2017:

1. Looking up a random stock in the S&P500
2. "Analyzing" it to see if its price declined
3. Does its name sound cool?
4. Buy it if it checks points #2 & #3

Read that again please: My entire strategy was buying stocks whose price declined from its highs!

How dumb is that!?!?

My logic was: If it fell, it has to jump again.

And you know what? It worked surprisingly well.

And it would've worked even better if I kept my investments in Tesla and Netflix, because both quintupled (yes, that's 500%) since I first bought them. But I made only a couple hundred € in Tesla and sold Netflix at a LOSS 😭

In the end, I gotta say, the strategy was extremely stupid but (with a few exceptions) it always made me good money. And, as I said, it would have made me even more money if I hadn't sold too early.

Weird. Feels strange when I think back on it.

But it's definitely better than what many people are doing -- buying the hot stock of the day, that's of course at an all-time high. So I guess my plan wasn't THAT stupid.

Either way, , don't do this at home because, repeat after me: Filip got lucky doing this.

So how am I investing now?

I am slowly moving most of my money into index fund ETFs (like VWRL), but some of it is still in individual stocks.

Then I also have some money in private companies and a lot of it in crypto.

Granted, crypto is not the safest asset class on Earth but there is a possibility of huge gains. After all, if you put $10000 into crypto, the most you can lose is $10000 but there's not limit to how much you can make.

I'll take that bet any day of the week.

Anyway, I'll write more about investing in the future because it's -- at least to me -- a very interesting subject. You won't get rich exchanging your time for money, but you can get rich putting your money to work.

With that said, I gotta ask: Are you investing? If yes, in what? If not, why and when do you plan to start? You don't plan to stay broke forever, do you?

See you around,

Filip